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The S&P posts today that Ben put out are an example of what I think is
simply amazing. I have been short the S&P since yesterday morning. It is
great when you analyze something and your work is correct. What shocks me
is I am right, but the 3% moves in Nasdaq negate what gains I should be
getting on my short of the S&P 500.. The power of the Nasdaq is quite
insane, forget 5% per month, how about 6-10% per week. At this rate, we
should be up 100% by the end of May.
My point to this post is simple: Is it really appropriate to trade the S&P
anymore, since Nasdaq is all that matters?? Analysis of the S&P really does
not matter if the Nasdaq continues on such a crazy move, as it will negate
movement, up or down, in the S&P. Anyone notice the S&P has really gone
nowwhere in 3 weeks.
mm
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